A List of Leveraged Inverse ETFs

Inverse Leveraged ETFs—Two Popular Investments Rolled Into One

Leveraged ETF
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While many of the most popular exchange-traded funds (ETFs) seek to replicate an index's performance, other types of ETFs are built differently. Two examples include leveraged ETFs and inverse ETFs. Some investors look for funds that utilize both the leveraged and inversed ETF trading strategies. If you count yourself among them—or just want to learn more about these products—keep reading for an overview and a list of some of the most popular leveraged inverse ETFs.

What Is a Leveraged Inverse ETF?

As the name implies, a leveraged inverse ETF combines two ETF strategies—leveraged ETFs and inverse ETFs. It's best to tackle each concept separately to understand how they work together.

Leveraged ETFs

Whereas a traditional ETF seeks to replicate the performance of an index, a leveraged ETF seeks to beat an index by earning multiples on the index's performance. For example, the ProShares Ultra S&P (SSO) tries to double the earnings of the S&P. If the S&P gains 1% on a given day, SSO would theoretically gain 2%.

Inverse ETFs

Inverse ETFs try to achieve the opposite performance of an index. In other words, it is a bearish investment that replicates a short position on an index. An example of this is the ProShares Short S&P (SH), which strives for a 1:-1 ratio with the S&P 500. On a day the S&P 500 loses 1%, SH would theoretically gain 1%. When an ETF seeks multiples on a short position, it becomes a leveraged inverse ETF.

A Warning

Whether we're talking about leveraged, inverse, or leveraged inverse ETFs, it's important to remember that all of these products are for advanced investors who are comfortable with higher levels of risk.

Unlike traditional ETFs, holdings in these ETFs vary dramatically and include complicated securities such as swaps and futures. It's important to research any ETFs that strike your interest, consider the risks, and have a plan for how the ETF will fit into your overall investment portfolio.

Top Leveraged Inverse ETFs

Here is a partial list of some of the most popular leveraged inverse ETFs. Indexes tracked here range from biotech to Treasury bonds to the Chinese yen. The ticker symbols and investment goals are accurate as of March 2020. As with any investment, it's best to do further research and consult your financial planner before buying any of these investment products.

  • BIS: ProShares UltraShort Nasdaq Biotechnology
  • BZQ: ProShares UltraShort MSCI Brazil Capped
  • DRIP: Direxion Daily S&P Oil & Gas Exploration & Production Bear 3x Shares
  • DRV: Direxion Daily Real Estate Bear 3x Shares
  • DUG: ProShares UltraShort Oil & Gas
  • DUST: Direxion Daily Gold Miners Bear 3x Shares
  • DXD: ProShares UltraShort Dow30
  • EDZ: Direxion Daily Emerging Markets Bear 3x Shares
  • EEV: ProShares UltraShort MSCI Emerging Markets
  • EPV: ProShares UltraShort FTSE Europe
  • ERY: Direxion Daily Energy Bear 3x Shares
  • EUO: ProShares UltraShort Euro
  • FAZ: Direxion Daily Financial Bear 3x Shares
  • FXP: ProShares UltraShort FTSE China 50
  • GLL: ProShares UltraShort Gold
  • JDST: Direxion Daily Junior Gold Miners Index Bear 3x Shares
  • KOLD: ProShares UltraShort Bloomberg Natural Gas
  • LABD: Direxion Daily S&P Biotech Bear 3x Shares
  • OILD: ProShares UltraPro 3x Short Crude Oil ETF
  • PST: ProShares UltraShort 7-10 Year Treasury
  • QID: ProShares UltraShort QQQ
  • RUSS: Direxion Daily Russia Bear 3x Shares
  • SCO: ProShares UltraShort Bloomberg Crude Oil
  • SDOW: ProShares UltraPro Short Dow30
  • SDS: ProShares UltraShort S&P500
  • SKF: ProShares UltraShort Financials
  • SOXS: Direxion Daily Semiconductor Bear 3x Shares
  • SPXS: Direxion Daily S&P 500 Bear 3x Shares
  • SPXU: ProShares UltraPro Short S&P 500
  • SQQQ: ProShares UltraPro Short QQQ
  • SRS: ProShares UltraShort Real Estate
  • SRTY: ProShares UltraPro Short Russell2000
  • SVXY: ProShares Short VIX Short-Term Futures
  • TBT: ProShares UltraShort 20+ Year Treasury
  • TECS: Direxion Daily Technology Bear 3x Shares
  • TMV: Direxion Daily 20+ Year Treasury Bear 3x Shares
  • TTT: ProShares UltraPro Short 20+ Year Treasury
  • TWM: ProShares UltraShort Russell2000
  • TYO: Direxion Daily 7-10 Year Treasury Bear 3x Shares
  • TZA: Direxion Daily Small Cap Bear 3x Shares
  • YANG: Direxion Daily China 3x Bear Shares
  • YCS: ProShares UltraShort Yen
  • ZSL: ProShares UltraShort Silver

The Balance does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.

Article Sources

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